Offers might start coming in, but are they the right ones? Knowing when to sell a startup requires some homework.
Of course it’s easy to get excited whenever someone offers to buy your company. After all, that’s been the carrot on the stick the whole time. But…what if there’s a bigger carrot out there? Well, there very well could be. But before you pass on that original carrot, you need to know what you’re in for and understand exactly when to sell a startup. Luckily, Jason Lemkin is here to explain the stages where it makes the most sense to sell in this post at SaaStr.
If your company is going to take the next step you’ll need to encourage leadership growth from within.
Who are the best people to lead your company as it continues to grow? Time will ultimately tell, but the best bets are probably already on your staff. They just require a little nurturing from you. Encouraging leadership growth among your existing employees not only excites them and creates a strong culture, but it ensures your next generation of leadership will be all the more invested in the organizations success, as Ryan O’Connell explains in this article at LinkedIn.
During your VC negotiations, option pools can often be an afterthought. Discover why you shouldn’t treat them as such.
So you’ve attracted the interest of a few VCs and you’re startup is about to be flooded with a little (or perhaps a lot) of extra cash. Between the prep work and the negotiations, things can quickly become overwhelming. But you’ve got to pay attention to all the details, which is why Rob Go explains the intricacies of option pools and how to handle them in this post on his blog.
Experts will explain what everyone is buzzing about and why during a free hackathon webinar.
You’ve probably overheard it at a coffee shop or even among your own tech team. If not, you’ve certainly seen it mentioned on Twitter. Whether you’re not sure what it is or you’ve been to a few yourself, there’s plenty to learn during Socrata’s free hackathon webinar. They’ll be picking the brains of the GoCode Colorado team, founders of the only statewide hackathon and true experts in the field.
Mastering your role as a first time CEO is something that can only be done on the job. But you can still pick up pointers here and there.
If you feel like you’re on an island as a first time CEO, that’s pretty much because you are. Sure your entire team is there for you day in and day out, but in the end, it all lands on your shoulders. The path you travel is yours and yours alone, but Vance Loiselle has seen a similar one and he’s here to offer his takeaways in a post at Entrepreneur.
It’s an enormously important part of your business, so why treat the path to purchase like it’s clouded in some mystery?
You already know that the path to purchase is an arduous one that can take an incredible amount of twists and turns. But what if there was someway to guide your customers along the right path instead of simply trying something new and hoping for the best? Fortunately for you, the right data can help you do just that, as this infographic at Inc. explains.
Make sure the buck doesn’t stop with your department by turning the CFO into a marketing advocate.
There are many terrific reasons to choose marketing as a career. Very few of them are likely to align with the reasons your CFO chose to go into finance. But just because each of you operates with a different on-the-job worldview doesn’t mean you can’t create a symbiotic relationship that propels your company forward. Lisa Nirell explains 6 ways you can turn your CFO into a marketing advocate in this post at Fast Company.
Afraid there are no more untapped markets for your product or service? A strategy canvas can unearth unforeseen potential.
It’s all too easy to back yourself into a predictable corner when assessing your target customers or users. Your competition has products that appear to obviously overlap with your own, so you should be selling to the same sect, right? Not necessarily, according to this post at Propel Growth. Discover what a strategy canvas is if you’ve never used one before and how to create one that could open up new avenues of revenue.